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The promotion caps an “extensive internal and external search” following the departure of former CEO and founder Matt Miller last year due to health reasons.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Fronting companies typically hold premiums in reserve meaning that credit exposure to letters of credit on Vesttoo transactions should only be required in the event of deteriorating losses.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.
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The capital injection comes over a year after Sigo Seguros raised $5.4mn in its seed funding round, co-led by Listen Ventures and Chingona Ventures.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the Atlanta-based InsurTech is likely to explore a dual track, with a potential sale looked at alongside the IPO.
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Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).
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Velocity Specialty Insurance Company will operate across all 50 US states.
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After pricing below the expected range at its IPO, the Fidelis stock price slipped on the first day of trading - here's how other (re)insurance IPOs have gone since 2000.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.